Shearman & Sterling represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. as initial purchasers in a Rule 144A and Regulation S offering by The Central America Bottling Corporation of an additional $200 million aggregate principal amount of its 5.750 percent senior guaranteed notes due 2027. Concurrently, Citigroup and J.P. Morgan acted as solicitation agents in connection with the company's solicitation of consents for certain amendments to the existing indentures. The company intends to use the proceeds from the offering to refinance existing debt, fund cash on the balance sheet and for general corporate purposes.
The company produces, distributes and markets beverage products that include brands owned by PepsiCo and AmBev, as well as its proprietary brands such as LivSmart. Its products include carbonated soft drinks, bottled drinking water, sports drinks, energy drinks, juices, nectars, tea and beer. It operates in Central America, the Caribbean and South America, and has the largest portfolio of products in the region.
The Shearman & Sterling team below also included visiting attorney Miguel Torres Caro.